By Najat Kantouar

Experian reported a higher pretax profit boosted by strong revenue growth, driven by momentum across its business and its strategic progress.

The credit-reporting agency said Wednesday that pretax profit for the year ended March 31 was $1.55 billion compared with $1.17 billion for the same period a year earlier. That missed market consensus of $1.59 billion based on seven analysts' forecast taken from FactSet.

Revenue rose to $7.1 billion from $6.62 billion, below consensus of $7.06 billion based on fifteen analysts.

All four of its regions contributed positively to revenue growth, it said. North America organic revenue grew 5%, Latin America 13%, and U.K. and Ireland 2%. Europe, Middle East, Africa and Asia Pacific organic revenue was up 7%.

Consumer Services organic revenue grew 7%, with 180 million free members, as it continues to expand its products and services.

The board declared a final dividend of 58.50 cents a share, up 7% from 54.75 cents a year earlier.

"Looking further ahead, we expect the combination of economic recovery, continued new product and vertical market expansion as well as productivity gains from technology cloud transition to elevate our financial performance," Chief Executive Officer Brian Cassin said

In fiscal 2025, Experian expects to deliver organic revenue growth in the range of 6% to 8% and good margin expansion, in the range of 30-50 basis points, at constant currency.

Write to Najat Kantouar at

(END) Dow Jones Newswires

05-15-24 0254ET